Tag Archives: financial translation

Translations with highest rates

Highest paid translations · Updated 2019

This post is an attempt to answer —and update— a question I have been asked on countless occasions, namely, Which are the highest paid specialties in the translation and interpreting professions? Without further ado, let’s cut to the chase:

translators training

First of all, it goes without saying that it is essential for a translator to be highly trained in a given field of specialization; and it is highly recommended to train constantly and keep up with updates within such field. Agencies and end clients highly value this trait. Once the translator is feeling confident, it is advisable to start with small translations and from the very beginning get into the habit of creating translation memories (preferably, sorted by companies or clients).

Returning to the issue at hand, although much depends on the type of end clients or agencies —and the country where they are located—, the most interesting specialties concerning fees include:

Pharmaceutical Translation: With rates around €0.10, €0.12 or €0.15 /word (approx. $0.18 or £0.14). The interpreters at medical conferences enjoy very good fees, but it is a quite difficult area to access.

translators and interpreters
Pharmaceutical translation

Financial Translation: A senior “in-house” translator working in a large company (e.g., an accounting or asset management agency in Spain), can reach €40,000 (around $50.100 or £38000). If the company is located in Luxembourg, Switzerland, Germany or the UK, it is not unusual to find that a financial translator’s payroll could reach €80,000 gross (around $100,200 or £75,400). A freelance translator, if working with good agencies or end clients could reach around €50,000 annual gross (around $63,000 or £47,400). There are very interesting “sub-specialties” – for example: translating asset management or financial software – with rates that can reach €0.20 ($0.25 or £0.19) /word

Interpretation in Foreign Trade: In general fees are high, especially if it involves unusual languages. It all depends on what is considered unusual regarding a given location, for example in Spain a Russian translator of my acquaintance specialized in this area may charge up to €100 (around $125 or £95) / hour.

Software Localization: It is more like a skill, rather than a specialization. It is a skill concerning ICT that every translator can attain. There is no lack of work within the powerful software and video game industry, and a translator on the payroll can earn around 30,000/40,000€ ($40,000 or £35,000) a year.

translation
Sotware localization

Sworn translation: Much depends on the language combination and if the source language is legal, notarial or of academic relevance within the country. But the added value provided by the sworn translator is indisputable, who can charge up to €0.20 ($0.25 or £0.19) /word.

–  Legal translations: The standard rate for certified translations for Federally Certified Court Interpreter and Expert Witness based in the Southern District of New York is $0.25-$0.27 (£0.19-£0.20 or 0.21€) per word. (Thanks Walter!).

legal translations
Sworn translations

Engineering translations: On one hand it requires a high degree of specialization, on the other hand rates are by no means negligible. Depending on the language pairs, rates can range from 0,12€ to 0,18€/word (around $0.14 or 0.10£-$0.22 or £0.19). There are many specializations within this category, such as aerospace, civil, industrial engineering, robotics…

The rates and fees depend largely on the nature of a company and the country where it is located, but with this post I am trying to highlight some of the highest paid translation specializations. Lastly, this post is open to your contributions. If you want to share your experiences, please do not hesitate to leave a message.

* Figures in Euros and US dollars.

Useful links:

List of translators and interpreters associations

t- shirts for translators, t- shirts for linguists, t- shirts for copywriters,t- shirts for writers,t- shirts for English teachers,t- shirts for teachers of English,t- shirts for Spanish teachers, idioms t-shirts, sayings t-shirts

Translations with highest rates:

Spanish version

 Chinese version



By Financial Translator

INTRODUCTION TO ASSET MANAGEMENT AND INVESTMENT FUNDS

UPCOMING WEBINAR> FINANCIAL TRANSLATION: INTRODUCTION TO ASSET MANAGEMENT AND INVESTMENT FUNDS

Click here to go to Webinar

Click here to go to Webinar

Asset management is the management of a client’s investments by a financial services company. The company (usually an investment bank) will invest on behalf of its clients and give them access to a wide range of traditional and alternative products that would not be to the average investor. Here is the interesting part: all this management produces a lot of documentation (factsheets, prospectuses, reports, press realeases, website content…) that must be delivered to the clients in their own language (it is mandatory for factsheets and prospectuses). This kind of translations are ordered by high-paying and reliable clients and they tend to be large projects.

Getting started as a Financial translator

Take the first steps in a high paid specialty field!

financial translator

Go to course

Webinar: Getting started as a financial translator – Financial translation fundamentals

Financial translation is a type of technical translation which involves the conversion of documents, statements, reports, and web content from one language to another. Financial translation is performed by experts with lingistic expertise and a comprehensive grasp of the unique terminology used in this field of specialization. It is an added value and well remunerated job. So this webinar also aims to introduce you to the skills and techniques which you need to understand and translate financial and accounting documents.We will cover the key areas encountered by translators, proofreaders, financiers, economists and journalists and we’ll focus on some general accounting and financial topics that impact all companies, individuals and institutions, as well as specific topics of interest to financial translation.

So, welcome to this interesting and rewarding field of expertise!

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Upcoming webinar: International Financial Reporting Standards

Normas Internacionales de Información Financiera

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NIIF / IFRS

Las Normas Internacionales de Información Financiera (NIIF) están diseñadas como un lenguaje global común haciendo compatibles y comparables los estados financieros de las empresas a través de fronteras internacionales. Son el resultado de la creciente internacionalización empresarial y son especialmente importantes para las empresas que tienen relaciones con varios países . Están sustituyendo progresivamente la multitud de normas nacionales de contabilidad.

En este webinar abordaremos la traducción y adaptación de la normativa más importante en las finanzas internacionales.
Las Normas Internacionales de Información Financiera (NIIF), también conocidas por sus siglas en inglés como IFRS (International Financial Reporting Standards) son los estándares o normas internacionales en el desarrollo de la actividad contable y financiera internacional. Suponen un impacto enorme en todo tipo de documentación financiera a nivel global, ya que son muchos los países que las han adoptado o las están adoptando.
Estas normas aparecen en un sinfín de traducciones legales y financieras internacionales, y son imprescindibles a la hora de abordar la traducción financiera en su conjunto.

International Financial Reporting Standards

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By Financial Translator

What is finance?

What is finance?

Traducción financiera
Introduction to financial Translation. Online course

What is financial translation?

What is Financial Translation?

Financial translation is a type of technical translation which involves the conversion of documents, statements, reports, and web content from one language to another. Financial translation is performed by experts with lingistic expertise and a comprehensive grasp of the unique terminology used in this field of specialization.  

logo-financial-translator

By Financial Translator

Introduction to Financial Translation

New Online Course for translators and financiers

Traducción financiera

URL: www.udemy.com/financial-translation

Introduction to Financial Translation English <>Spanish is intended for translators and financial professionals who wish to acquire both technical knowledge and language skills.

The course aims to introduce you to the skills and techniques which you need to understand and translate financial and accounting documents.

There are more than 500 million Spanish speakers as a first or second language, and 20 million Spanish students as a foreign language. Spanish is one of the six official languages of the United Nations, and it is used as an official language by the European Union and Mercosur. It is also the second most spoken language in the United States, where financiers with language skills are very sought after professionals.

Learn the basic concepts behind financial translation and specialize in a high-demand sector.

The course will cover the key areas encountered by financial professionals, translators, proofreaders and writers. We will focus on some general accounting and financial topics that impact all companies, individuals and institutions, as well as specific topics of interest to financial translation.

This course is taught in English, but It provides a glossary at the end of each lecture with all the terms translated and spoken in Spanish. It also provides listening exercices in English and Spanish about topical financial issues.

Although this course is designed for people with little or no understanding of accounting and finance, financial professionals will have the opportunity to learn -and practice- financial vocabulary in Spanish.

Issues such as the nature of finance, financial translation criticalities, accounting, stakeholders, cultural adaptation or legal forms are discussed. The course also covers basic accounting documents, financial statements and the translation of its terms.

You’ll find several quizzes that will help you to reinforce what you have learned in the lecture. Useful examples of financial statements translations are also provided.

By Financial Translator Traducción financiera